This CryptoPunk NFT Just Sold for $735,000
NFT
u.right now
26 October 2022 20:27, UTC
Studying time: ~2 m
On Wednesday, CryptoPunk #924 offered for 475 ETH, or about $735,770 price on the time of the acquisition, in accordance with a Twitter bot that tracks the newest gross sales from the gathering.
The current sale proves that curiosity in blue-chip non-fungible tokens stays constantly excessive although the sector has taken a extreme beating through the cryptocurrency winter.
It’s price noting that the punk in query has a rarity rating of 132.39, in accordance with the analytics platform Rarity.Instruments. This makes it solely the two,327th-rarest NFT from the gathering. The punk has such distinctive attributes as an expensive beard, a hoodie, an earring, and 3D glasses.
The NFT was bought by an nameless purchaser, who presently owns two punks.
CryptoPunks appeared lengthy earlier than NFTs grew to become mainstream in 2021. The gathering was launched again in 2017, however it gained traction final 12 months. A number of CryptoPunks have been offered for tens of millions of {dollars}, with celebrities and entrepreneurs dashing to purchase them in an effort to flaunt their wealth.
In February, a single ape-traited NFT from the favored assortment was offered for a staggering $23.7 million.
Despite the fact that punks stay in vogue, the broader sector is experiencing a extreme disaster. As reported by U.Right now, the gross sales of NFTs collapsed by a whopping 60% within the third quarter of 2022.
